Vantage FX was established and founded in the year 2009 in Australia. The broker is operated by the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA). Its headquarters are located in Sydney, Australia at Suite 405, 68 York St, Sydney NSW 2000.

The services that Vantage FX offers suit traders of all levels, whether beginner, intermediate, or professional traders. The broker offers such traders over 300 financial CFD instruments. These assets are spread across Forex ECN, Indices, Precious Metals, Energies, Soft Commodities, and Shares CFDs from the United Kingdom, United States, European Union, Australia, and Hong Kong.

Do you think you’ve had enough from Vantage FX?

If you think you have had enough from Vantage FX, then you should see the account types they offer. Three main trading account types namely Raw ECN, Standard STP and Pro ECN which offer leverage of up to 500:1 and a low minimum deposit amount of $200 only.

What is more, traders can also access Islamic swap-free accounts and demo trading accounts. You are also eligible for a welcome bonus of up to 50% your deposit.

Talking of the trading platforms on offer at Vantage, you will get access to your account via MetaTrader 4 and MetaTrader 5. These are accessible via desktops, the web and also mobile phones. That is not all because there are extra platforms which are the broker’s own mobile trading app and various social trading platforms.

Vantage FX will offer its clients 24/5 client support in multiple languages. In addition to all that convenience, the broker offers clients ProTrader Tools from Trading Central such as the Market Buzz, Featured Ideas, Analyst Views and an Economic Calendar. ProTrader Tutorials which includes over 130 video tutorials are also available on Vantage FX.

That was a quick one about Vantage FX broker.

You must be yearning for more and you will surely get it in the real review which we are about to begin. If you just discovered Forex trading and are about to jump right in, relax first, establish what you want in a broker and come here see if Vantage FX has it, according to our 2024 review of the broker.

If on the other hand, you have been trading for some time now, you already understand what you want in a broker, so I invite you to this review so that you can compare your list side by side with our review and see if Vantage FX is worth investing in the asset market with.

We shall narrow down to specific areas of brokerage which we deem most important to you as a trader and see how Vantage FX performs in them. Here is a quick list of such areas:

• Account Types.
• Minimum Deposit.
• Deposits and Withdrawals.
• Trading Cost.
• Client Support.
• Broker Regulation.
• Trading Platforms.
• Additional Platforms and Features.
• Markets Offered.
• Research.
• Trader Education.
• Availability.

1. Account Types.

If you have such a good memory, you recall we gave a hint of the account types available on Vantage FX. Vantage FX offers a variety of three core account types available for real trading, in addition to the demo account. The three are as follows:

• Standard STP account.
• Raw ECN account.
• Pro ECN account.

In addition to the three account types, Islamic traders have access to the STP and ECN accounts on Islamic terms, meaning that such accounts will be swap-free. Swap-free accounts have an administrative fee charged if you hold your leveraged positions overnight, instead of the overnight interests.

Besides the three account types also, traders can also have the option of opening corporate accounts. To do so, a trader should contact the Vantage FX client support to be informed accordingly of which documents they require.

Let us now dive deeper into the details of the core account types offered by Vantage FX. We shall focus on the main three.

Standard STP Account.

The Standard STP account type is recommended for novice traders who want a simple and direct market access with no complexity of commissions. Here are more features of the Standard STP account type:

• It can be accessed on both MetaTrader 4 and MetaTrader 5.
• Trade execution type is STP.
• 40 Forex pairs, 13 Indices, 20 commodities and 100 share CFDs are offered on this account.
• The minimum deposit is $200.
• The minimum volume size is 0.01 lots.
• The leverage offered on this account type is up to 500:1.
• Spreads start from 1.4 pips.
• No commissions are charged on this account type.

Raw ECN Account.

The Raw ECN account type is recommended for experienced traders who want deep liquidity and thin spreads. Here are more features of the Raw ECN account type:

• It can also be accessed on both MetaTrader 4 and MetaTrader 5.
• Trade execution type is ECN.
• 40 Forex pairs, 13 Indices, 20 commodities and 100 share CFDs are offered on this account.
• The minimum deposit is $500.
• The minimum volume size is 0.01 lots.
• The leverage offered on this account type is up to 500:1.
• Spreads start from 0.0 pips.
• Commissions are charged on this account type at the rate of $3 per lot per side.

Pro ECN Account.

The Pro ECN account type is recommended for professional traders and money managers who trader high volumes. Here are more features of the Pro ECN account type:

• It can also be accessed on both MetaTrader 4 and MetaTrader 5.
• Trade execution type is ECN.
• 40 Forex pairs, 13 Indices, 20 commodities and 100 share CFDs are offered on this account.
• The minimum deposit is $20,000.
• The minimum volume size is 0.01 lots.
• The leverage offered on this account type is up to 500:1.
• Spreads also start from 0.0 pips.
• Commissions are charged on this account type at the rate of $2 per lot per side.

2. Minimum Deposit.

Minimum deposit refers to the least possible amount of money you need to deposit with a broker so that you can start trading. It may also be referred to as the margin requirement.

The minimum deposit requirement at Vantage FX is $200. This is not so for all account types though. You remember that when we were talking about account types, we mentioned the following minimum deposits depending on the account type:

• Standard STP account – the minimum deposit amount is $200.
• Raw ECN account – the minimum deposit amount is $500.
• Pro ECN account – the minimum deposit amount is $20,000.

The mentioned amounts are in USD, but note that Vantage FX offers you a wide range of base currencies in which your account can be maintained. The base currencies available to choose from are:

• USD.
• EUR.
• AUD.
• SGD.
• CAD.
• GBP.
• NZD.
• HKD.
• JPY.

Note that if you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. However, if you fund your trading account using a bank or payment system in a different denomination from which your Vantage FX account is maintained in, then you will incur a conversion fee from the payment system currency to your trading account currency.

3. Deposits and Withdrawals.

Stranded and don’t know how to handle your deposits and withdrawals at Vantage FX? Then you should no longer be stranded because this review section comes in handy.

Vantage FX broker offers various payment methods with which deposits and withdrawals can be handled. These include the following:

• Bank transfer and credit/debit cards.
• Skrill.
• Neteller.
• China Union Pay.
• Fasapay.
• JCB.
• Bpay.
• Poli.
• Bitwallet.
• Bitcoin.
• Tether.

Note that Bank transfer deposits can take several business days, while payments with credit or debit cards are instant. Note also that you can only deposit money from accounts that are in your name.

Vantage FX does not charge any fees on deposits, but that is not entirely so because there are some exceptions. China Union Pay deposits will incur charges of 1.30%-2.50% of the transfer amount while Bank, Neteller, and Skrill deposits are subject to bank transfers or payment system fees.

Vantage FX does not also charge any withdrawal fees with payment methods such as credit or debit cards and electronic wallets. Also, note that the first international bank withdrawal each month is free of charge, but all other withdrawals within the month carry a 20-currency unit fee.

You are now asking how long it takes to withdraw money from Vantage FX, aren’t you? The answer is that it may take up to 1 business day. Note that you can only withdraw money to accounts in your name. All withdrawals are processed using the funding source of origination and the value of funds sent back cannot exceed the original amount deposited from the same method.

4. Trading Cost.

Trading cost may mean how much expense a trader incurs while trading with a broker. This may come packaged in form of spreads, commissions, deposit fees, withdrawal fees, conversion fees, overnight or swap charges as well as inactivity fees, among others.

Vantage FX charges low trading fees and non-trading fees. Trading fees occur when you trade in form of commissions, spreads, financing rates and conversion fees. Non-trading fees on the other hand, include charges not directly related to trading, like withdrawal fees or inactivity fees.

The broker charges no inactivity fee. However, the overnight fees and share CFD fees are relatively high.

Commissions.

Vantage FX charges commissions depending on the account type a trader has. When we were dealing with account types, you remember we mentioned stuff to do with commissions in each account type. Let us revisit:

• Standard STP account – No commissions are charged on this account type.
• Raw ECN account – Commissions are charged on this account type at the rate of $3 per lot per side.
• Pro ECN account – Commissions are charged on this account type at the rate of $2 per lot per side.

Share CFDs are subject to commissions which vary depending on the geographical location.

• US-listed stocks have a commission from 6 USD per trade.
• Hong Kong-listed stocks have a commission starting from 50 HKD per order.
• UK/EU-listed stocks have a commission starting from 10 EUR per trade.
• Australian-listed stocks have a commission starting from 8 AUD per trade.

Spreads.

Just like commissions, Vantage FX charged spreads depending on account type. Do you remember that we mentioned something to do with spreads under every account type in the account types section? Well, let us revisit:

• Standard STP account – Spreads start from 1.4 pips.
• Raw ECN account – Spreads start from 0.0 pips.
• Pro ECN account – Spreads also start from 0.0 pips.

Deposit fees.

Vantage FX does not charge any fees on deposits, but that is not entirely so because there are some exceptions. China Union Pay deposits will incur charges of 1.30%-2.50% of the transfer amount while Bank, Neteller, and Skrill deposits are subject to bank transfer or payment system fees.

Withdrawal fees.

Vantage FX does not also charge any withdrawal fees with payment methods such as credit or debit cards and electronic wallets. Also, note that the first international bank withdrawal each month is free of charge, but all other withdrawals within the month carry a 20 currency unit fee.

Overnight Charges.

Clients can find the swap rates for holding positions overnight in the Vantage FX MetaTrader platform by right-clicking on a symbol and selecting the Specifications tab.

5. Client Support.

If we ever came across a knowledgeable and always ready-to-help client support, then none beats Vantage FX’s. Vantage FX offers customer support in English, French, Mandarin, Cantonese, Spanish, Portuguese, Thai and Vietnamese. Clients of the broker can contact customer support 24 hours a day, 5 days a week, Monday to Friday.

Vantage FX offers several client support channels through which clients can reach them 24/5 for all forms of assistance. These include the following:

• Live chat – the live chat at Vantage FX is usually fast, except during peak business hours when queries tend to queue up.
• Telephone – the phone support at Vantage FX is average-speed, at certain times taking several minutes to reach a customer service representative. You can reach Vantage client support via the following phone numbers:
  • U.K Phone: +44 2080363883
  • China Phone: 400-120-9301
  • Canada Phone:1-888-442-4106
  • International phone: +61 2 8999 2044
  • Fax: +61 2 9279 2652
• Email – [email protected]. Customer emailsare typically answered within a little more than a business day.
• Visit to their physical address: Level 4, 42 N Church St, George Town, Cayman Islands.
• Social Media:
  • Facebook: https://www.facebook.com/VantageFXBroker
  • Twitter: http://twitter.com/vantagefx
  • LinkedIn: http://www.linkedin.com/company/vantage-fx
  • YouTube: http://www.youtube.com/user/Vantagefx
  • Telegram: https://t.me/vantagefxofficial

6. Broker Regulation.

If there is anything that should worry you when dealing with any broker, then it is your security and safety as a trader and that of your money. That is because the area of brokerage has been heavily targeted by scammers to hit and take advantage of naïve unsuspecting new traders. Under this section, we aim at validating or invalidating Vantage FX as pertains its regulation and thus your safety while dealing with the broker.

On matters of regulation, Vantage FX is a regulated broker.

Here are the tough regulators that regulate Vantage FX and the features of such regulations:

• Cayman Islands Monetary Authority (CIMA). Vantage FX is authorized and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group Limited. This regulation applies to all international clients except those in Australia and offers negative balance protection to its clients. However, it does not provide investor protection because here, Vantage FX is not a listed brokerage and it does not have a parent bank.
• Australian Securities and Investment Commission (ASIC). Vantage FX is authorized and regulated by the Australian Securities and Investment Commission (ASIC) under the name Vantage Global Prime Pty Ltd. This regulation applies only to clients in Australia and provides negative balance protection, meaning that if the balance on your account goes into negative, you will be protected. Under this regulation also, clients do not enjoy any kind of legally binding investor protection.
• The Vantage Group also operates other companies such as Vantage Global Prime which is regulated by the Financial Conduct Authority (FCA).

Note that Vantage FX is not regulated by the UK or European regulators which means they do not fall under the recent ESMA regulations and actually have the ability to offer bonuses and trading promotions as well as higher leverage trading. According to the broker’s website, Vantage FX augments client protection by:

• Segregating client funds and holding funds with Australia’s AA-rated National Australia Bank (NAB).
• Offering a negative balance protection policy.
• Having Professional Indemnity Insurance.

7. Trading Platforms.

Vantage FX is in the forefront in offering the most popular trading platforms for clients to enjoy a great diversity. Here are the various trading platforms on offer at Vantage FX:

• MetaTrader 4 (MT4).
• MT5 (MetaTrader 5).
• MetaTrader WebTrader.
• Vantage FX Mobile App.

Apart from the above 4 platforms, Vantage FX also allows clients to copy other traders from social trading platforms such as:

• Zulutrade.
• MyFXbook.
• DupliTrade.

MetaTrader 4 (MT4).

The Vantage FX MetaTrader 4 platform is available for download on both Windows and Mac, as well as Android and IOS mobile devices. Users of MetaTrader 4 have access to:

• 9 viewable timeframes and 3 chart types
• Free indicators and trading tools
• Algorithmic trading through Expert Advisors with 99.99% MT4 uptime
• More than 3,200 professional trading signals

MT5 (MetaTrader 5).

The Vantage FX MetaTrader 5 platform is available for download on both Windows and Mac as well as Android and iOS mobile devices. It offers the fastest possible trade executions due to their NY4, MT5 Equinix Server location in New York. Users of MetaTrader 5 have access to:

• 21 viewable timeframes and 3 chart types
• MT5’s inbuilt system alerts and an economic calendar
• 80 built-in trading indicators
• More than 3,200 professional trading signals

MetaTrader WebTrader.

The Vantage FX MT4 and MT4 WebTrader platform is available on any web browser including Chrome, Mozilla Firefox, Internet Explorer, Opera or Safari, with no download necessary. Users have access to:

• Multiple asset classes
• 5 different web browsers to trade from
• Similar features to the desktop platforms
• One-click trading

Vantage FX Mobile App.

Vantage FX also offers clients the ability to trade on its own Vantage FX app for mobile trading on the go for Android and iOS operating systems. The broker also offers clients the ability to access the MetaTrader 4 and MetaTrader 5 on mobile devices for mobile trading for both Android and iOS systems. The Vantage FX app enables clients to:

• View 9 timeframes
• Access a wide variety of indicators
• View trading signals from Trading Central
• Trade on multiple asset classes
• 24/5 multilingual support

8. Additional Platforms and Features.

The usual trading platforms aside. Vantage FX offers additional unique trading products such as Pro Trader Tools, MT4/MT5 SmartTrader Tools, a Forex VPS, Forex Sentiment indicators, and social trading options. Let us discuss some of them below:

• MT4 Smart Trader Tools. Within this set of tools, clients can access 6 types of alarms, a correlation matrix, graphic market overviews, advanced order types, and the sentiment trader tool. However, clients need to have a live account with Vantage FX with a minimum of $1,000 funded to access these tools.
• Pro Trader Tools. Clients can gain free access to Trading Central tools which include Market Buzz – a next-gen AI Market News indicator, Featured Ideas for actionable trading ideas, an Economic Calendar to view live events, Analyst Views with 24/7 global coverage, and more. However, as above, clients need to have a live account with Vantage FX with a minimum of $1,000 funded to access these tools.
• Forex VPS. Users can access the broker’s free Forex VPS service to keep the MT4 trading platform running 24/5.
• Social Trading. Users can connect to popular social trading platforms such as Zulutrade, MyFXbook and DupliTrade to copy other traders or to become a signal provider themselves.

9. Markets Offered.

Wondering what you get to trade at Vantage FX? A lot of Forex and CFD instruments are on offer. Vantage FX only allows you to trade with Forex and CFDs (commodities, stock indices, share CFDs, cryptos). Many popular asset classes, like real stocks or ETFs, are missing at Vantage FX though.

All that aside, Vantage FX offers clients the ability to trade on over 300 financial CFD instruments covering Forex ECN, Indices, Precious Metals, Soft Commodities, Energies and Shares CFDs. Here are the major instruments of trade at Vantage FX:

– Forex.

Find over 46 currency pairs being offered at Vantage FX, including the main ones.

– Stock Index CFDs.

You will be able to trade over 16 stock index CFDs with Vantage FX.

– Stock CFDs.

Vantage FX has an average forex selection but the stock CFD lineup exceeds its main competitors. Stock CFDs typically include the largest companies listed on the UK, US, Australian, and Hong Kong markets. Over 210 stock CFDs are available for trading at Vantage FX.

– Commodities.

Over 16 commodities ranging from energy to soft commodities and precious metals are also on offer at Vantage FX.

– Cryptocurrencies.

You can trade over 6 cryptos with Vantage FX.

Now that we didn’t mention examples of each asset class offered at Vantage FX, here are the examples in a table:

Forex	Indices	Precious Metals	Energies	Soft Commodities	Share CFDs	Cryptocurrencies
AUD/CNH	SPI 200	XAUUSD	Natural Gas	Cocoa	Microsoft	Bitcoin
EUR/USD	CHINA 50	XAGUSD	Gasoline	Coffee Arabica	Tencent	Bitcoin cash
GBP/JPY	DAX 30	XAUAUD	Crude Oil	Cotton	Renault	Ethereum
CAD/CHF	DJ 30	Copper	Brent Crude Oil	Orange Juice	Commonwealth Bank	Litecoin
						Ripple
						Dashcoin

 

10. Research.

Vantage FX offers a set of convenient research tools. There are ample trading ideas, and news flows, among other research tools. Vantage FX’s research tools are available in different places:

• Client Portal, under Pro Trader Tools. These are available only to customers with a minimum of $1,000 in their account.
• MetaTrader trading platform.

Trading ideas.

Vantage FX provides many trading ideas. The trading ideas, branded Analyst Views, are categorized by asset classes and broken down into subcategories.

Fundamental data.

A set of macroeconomic fundamental data is available under the Economic Calendar.

Charting.

Vantage FX has awesome charting tools. You can use 31 technical indicators and other editing tools, such as trend lines and Fibonacci retracement.

News feed.

The news feed is called Market Buzz and is a visually appealing interface that offers news analytics and sentiment indicators

Daily YouTube Financial News.

Vantage FX offers a Daily Financial News video on its YouTube channel and news and analysis from Trading Central’s Market Buzz, Analyst Views and Economic Calendar but can only be accessed with an account of $1,000 minimum. On top of the Daily Financial News video on the broker’s YouTube channel, Vantage FX offers trader research tools from Trading Central that can be accessed in the secure client portal area. This includes access to Market Buzz, Features Ideas, Economic Calendar and Analyst Views.

Technical Analysis Widget.

Clients can also access a Technical Analysis widget from the secure client portal area, as shown below:

11. Trader Education.

What is Vantage FX doing concerning trader education? The broker offers the following materials for trader education:

• Demo account – the unlimitedMetaTrader4 or MetaTrader5 demo account is a great way to get up to speed with trading and become familiar with the trading platforms.
• Platform tutorial videos – Vantage FX clients have access to a wealth of video tutorialson basic trading concepts for various assets and more advanced technical and market analysis. If you choose to skip opening a demo account, trading platform tutorials are also available here.
• General educational videos.
• MT4 and MT5 Manuals.
• Pro Traders Education – this offers over 130 advanced Forex and stock trading tutorials. To access these Pro Trader Video Tutorials users need to fund an account with at least $1,000.

Clients can find Vantage FX education tools on the broker’s website, under the ‘Clients’ menu.

12. Availability.

In as much as Vantage FX accepts international clients apart from those from Australia, its home country, there are various countries whose clients cannot access the services of the broker. Vantage FX does not accept clients from the following regions:

• Afghanistan.
• Australia.
• Belarus.
• Burma.
• Burundi.
• Canada.
• Central African Republic.
• Democratic Republic of the Congo.
• Egypt.
• Eritrea.
• Iran.
• Iraq.
• ISIL (Da’esh) & Al-Qaida.
• Lebanon.
• Japan.
• Libya.
• Mali.
• North Korea.
• Republic of Guinea.
• Republic of Guinea-Bissau.
• Russia.
• Crimea.
• Sevastopol.
• Somalia.
• South Sudan.
• Spain.
• Sudan.
• Syria.
• Tunisia.
• Ukraine.
• United States of America.
• Venezuela.
• Yemen.
• Zimbabwe.

Final Thoughts.

What else did you have on your checklist? That is basically all about Vantage FX. Did the broker pass your test of an ideal broker by meeting the minimum requirements that you expect of one? If yes, then it is time to invest in the asset market with Vantage FX.

However, if Vantage FX falls short of the requirements you have set, there are more than enough 2021 reviews across different brokers on this site. Read them and continue checking until you get a broker that you can vibe with. You would rather never invest than invest in the asset market with a broker that barely meets your needs as a trader.

Happy Trading!